This property looks like a bad Airbnb investment with a projected -18.08% first-year return on $121k initial cash invested.
-18.08%
Cash On Cash
2.13%
Cap Rate
0.34
DSCR
$3,298
Rent
-$1,829
Cashflow
Cash Flow
$3,298 income − $5,127 expenses = $1,829 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,500
Closing costs
1%
$4,925
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,298
Total Expenses
$5,127
Mortgage P&I
78%
$2,571
Property Taxes
24%
$798
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$824